Saputo (TSE:SAP) Given New C$49.00 Price Target at Desjardins

Saputo (TSE:SAP) had its price target boosted by Desjardins from C$47.00 to C$49.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s target price would indicate a potential upside of 10.31% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Ventum Financial set a C$49.00 price objective on shares of Saputo and gave the company a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group downgraded shares of Saputo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Scotia lifted their target price on shares of Saputo from C$49.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Monday. Canadian Imperial Bank of Commerce set a C$45.00 target price on shares of Saputo and gave the company a “hold” rating in a report on Thursday, October 22nd. Finally, TD increased their price target on shares of Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Saputo has an average rating of “Moderate Buy” and a consensus target price of C$48.92.

Saputo Trading Up 1.0%

TSE:SAP traded up C$0.43 during trading hours on Monday, hitting C$44.42. The company had a trading volume of 515,301 shares, compared to its average volume of 892,257. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86. The company has a 50-day moving average of C$40.03 and a 200 day moving average of C$41.23. The company has a market cap of C$17.45 billion, a P/E ratio of 35.82, a P/E/G ratio of 0.56 and a beta of 0.16. Saputo has a 1 year low of C$35.50 and a 1 year high of C$45.09.

Saputo (TSE:SAP) last issued its earnings results on Thursday, November 5th. The company reported C$0.55 earnings per share (EPS) for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. The business had revenue of C$4.26 billion during the quarter. Sell-side analysts expect that Saputo will post 1.77 earnings per share for the current year.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.